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20121205
20121213
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. his son was also injured. >> the president and house speaker met to discuss the so-called fiscal cliff. they have until january 1st to extend the bush-era tax cuts. americans will see massive cuts to social spending. they didn't comment on the meeting today but other republicans are considering a raise in taxes for the wealthiest americans if it will help get a deal done. >> we have spun ourselves into a hole and we're not going to borrow money and get out of it. will i accept a tax increase as a part of a deal to actually solve our problems? yes. >> here is what cuts could come if a deal isn't made in time. military budget would be cut by $500 billion over ten years. schools could be cut. some ideas to avoid the cliff is eliminating the tax deduction for charitable contributions and not allowing homeowners to write off mortgaged payments. >> gas prices are dropping. national average for a gallon is 3.34. in california it's 3.63. in the bay area the average is 3.71 a gallon. >> snow has blanketed the midwest. it's made for severe driving conditions. >> difficult driving conditions and
government spending and tax increases have been largelyly absent in the back and forth over the fiscal cliff. i called several members organizers would just as soon not go public. that theory organizing after what they call very dispointing election. at civic center plaza abc 7 news. >> europe biggest bank hsbc is expected to pay 1.9 billion dollars to settle a money laundering investigation with regulators in the united state states. hsbc is accused of money laundering for mexican drug cartel. announcement formally is expected tomorrow. >> apple new appearing map is now coming with a safety warning for nurs australia. police in the city of victoria asking drivers to avoid using it. officers say they have had to rescue several people who got lost when the app led them to the wrong place. drivers stranded for more than 24 hours when directed miles away from murray sunset national park. may not seem like a big deal except that location is in the middle of nowhere and the park has no water supply and temperatures can reach 115 degrees. dangerous place to be stranded. apple hasn't comme
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